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US. GOVERNMENT
INFORMATION
GP
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-543
SMALL BANK HOLDING COMPANY RELIEF ACT OF 2018
FEBRUARY 2, 2018.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 4771]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 4771) to raise the consolidated assets threshold under the
small bank holding company policy statement, and for other pur-
poses, having considered the same, report favorably thereon with-
out amendment and recommend that the bill do pass.
PURPOSE AND SUMMARY
Introduced by Representative Mia Love on January 11, 2018,
H.R. 4771, the Small Bank Holding Company Relief Act of 2018
requires the Board of Governors of the Federal Reserve System
(Federal Reserve) within six months of the date of enactment, to
revise its Small Bank Holding Company Policy Statement on As-
sessment of Financial and Managerial Factors (Policy State-
ment). The legislation requires the Federal Reserve to raise the
consolidated asset threshold at which the Policy Statement applies
from $1 billion to $3 billion.
BACKGROUND AND NEED FOR LEGISLATION
To ensure that bank holding companies (BHCs) are able to
serve as a source of strength for their insured depository subsidi-
aries, the Board of Governors of the Federal Reserve System (Fed-
eral Reserve) subjects them to consolidated, risk-based and lever-
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